Ensign Energy Services (TSE:ESI) Price Target Raised to C$3.50

Ensign Energy Services (TSE:ESI) had its target price lifted by BMO Capital Markets from C$3.25 to C$3.50 in a report issued on Monday, BayStreet.CA reports.

Separately, TD Securities decreased their price objective on shares of Ensign Energy Services from C$3.50 to C$3.25 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3.63.

Ensign Energy Services Stock Performance

Shares of ESI stock opened at C$3.08 on Monday. Ensign Energy Services has a one year low of C$1.94 and a one year high of C$3.13. The company has a debt-to-equity ratio of 87.50, a quick ratio of 1.30 and a current ratio of 0.97. The company has a 50 day moving average price of C$2.66 and a 200 day moving average price of C$2.47. The firm has a market capitalization of C$565.70 million, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 202.94 and a beta of 3.05.

Insider Buying and Selling

In related news, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$3.00, for a total transaction of C$75,000.00. In other news, Senior Officer Michael Gray purchased 11,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of C$2.29 per share, with a total value of C$25,173.50. Also, Senior Officer Robert Harold Geddes sold 25,000 shares of Ensign Energy Services stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$3.00, for a total transaction of C$75,000.00. 44.90% of the stock is currently owned by insiders.

Ensign Energy Services Company Profile

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.